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11.18 billion dollars of XRP trading volume, is the price ready for reversion?

11.18 billion dollars of XRP trading volume, is the price ready for reversion?

Cover image via Yu today

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Various coins are bleeding in red in the broader cryptocurrency market, most of them decreased below critical support levels. Xrp Follow the same path, losing about $ 0.43 over the past 24 hours of trading activities.

XRP trading volume increases amid low prices

However, the XRP trading volume increased during the same period, supported by the renewal of investor’s attention. According to CoinmarketCap DataThe interest in XRP increased by 265.68% to $ 11.18 billion.

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XRP loses $ 3: 3 levels of price must be monitored after that

This increase indicates that the market participants are still optimistic about the future view of the distinctive symbol. Analysts say this indicates that many investors benefit from the slight decrease in the price to collect the currency before it is fresh.

Financial experts insist that XRP, which lost up to 10 % of its price, may have started a recovery journey. It is worth noting that XRP decreased to a low level of $ 2.71 in previous trading before it rises to its current levels, driven by the interest of the market.

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XRP 1D chart. Source: Queen Market Cap

Some stakeholders still hope that if the original maintains the current momentum and regains $ 3.25, the mark of $ 4 may be re -tested.

XRP reached its highest level ever at $ 3.84 seven years ago. Since then, penetration of this level has become difficult for the currency. However, with this sign less than 30%away, expectations have increased about the possibility of this happening again.

Ripple CEO addresses society amid a strategic reserve discussion

At the same time, the XRP community is looking for the latest developments Brad GarlinghyusCEO of Ripple. Garlinghyus is scheduled to deliver a speech to society at X Spaces on January 28, where he will reveal his vision for 2025.

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29,532,534 XRP amazes the Coinbase Currency exchange platform, what happens?

Ripple is paid to insert XRP in The strategic reserve of encrypted currencies in the United States It sparked hot controversy in the broader cryptocurrency industry. Many consider this step a bad idea for the encrypted currency industry.

Ryan Cillekes, the founder of Massari, was one of the leaders who moved against the plan. According to Cillecies, Bitcoin is the only cryptocurrency that is widely accepted and deserves a strategic reserve.

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2025-01-27 17:25:00

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